XRP investors are being urged to watch closely as technical indicators suggest a significant price shift may be imminent. A well-followed market analyst has pointed to chart patterns that could mark the end of XRP’s extended consolidation phase.
According to Steph Is Crypto, a technical analyst active on platform X, XRP has formed a symmetrical triangle pattern that is nearing a critical point. This development, extending between January and June, is usually an indication of a volatility decrease period that is more likely to culminate in a dramatic breakout.
The trend has started to emerge ever since XRP hit a high of $3.39 earlier this year, only to retreat in the wake of market sentiments following tariff-related remarks by US President Donald Trump.
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Since then, XRP has been trading below the $3 area, although the present structure takes the price action towards a point of decision. When the analyst wrote the report, XRP was selling at 2.2874 and was directly below the upper resistance level of the triangle.
The chart Steph provided showed an upward-facing green arrow that began at the breakout area and ran up to an estimated target of $4.2. Another analyst backs this target as he recently spotted an inverse head-and-shoulders pattern, which also indicates a possible shift to $4.22.
Source: @Steph_iscrypto
Consolidation Phase Nears Resolution as Breakout Forecasts Gain Strength
Another respected analyst, CasiTrades, has highlighted a similar triangle pattern and expects a breakout as early as June 16. These aligned observations from multiple analysts have drawn increased interest in XRP as it approaches a potential inflection point.
The asset has tested the resistance level multiple times since May, which signals building pressure. Should XRP be able to push through this ceiling on heavy trading volume, then it can validate the bullish XRP scenario projected by these analysts.
Long-term market observers feel that XRP has the potential to move beyond the 4-dollar range, and some have price targets as high as 23 dollars according to past trends. These price predictions are still pure speculation; however, the convergence of these expert opinions indicates that XRP is reaching a decisive stage.
A combined indicator of technical signals and analyst consensus is guiding investors’ attention towards the tightening range in XRP. An escape beyond this structure may result in significant price action and change the existing market sentiment regarding the digital asset.
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